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News and Events

How Did the Declaration of Martial Law in 1972 Affect the Economy?

A look at the impact of authoritarian rule on infrastructure, debt, GDP and inflation

To family and supporters of the former President Ferdinand Marcos, his declaration of martial law on September 23, 1972 (though he antedated the official document to September 21) remains a watershed event that ushered in what some of them consider to be ...

by Pauline Macaraeg  | September 21, 2017 06:00:00
News and Events

This Was How Bad the Economy Got After Aquino Was Killed on Aug. 21, 1983

The cold-blooded murder turned the regime’s economic ills into a full-blown crisis

In most retellings of the assassination of Benigno "Ninoy" Aquino Jr. on August 21, 1983, which is being commemorated today, the cold-blooded killing is often credited for sparking widespread outrage among ordinary citizens previously cowed by over a decade of martial rule. ...

by Pauline Macaraeg  | August 21, 2017 09:00:00
News and Events

(Infographic) The EDSA Revolution and Big Business

The end of authoritarian rule also spurred the formation of many of today's biggest companies

  Marking its 31st anniversary this week, the EDSA People Power Revolution didn't just restore political and economic freedoms that were suppressed under the late President Ferdinand Marcos' authoritarian rule. It also fostered the rise of big businesses, which moved into major sectors ...

by Lorenzo Kyle Subido  | February 24, 2017 11:00:00
News and Events

(Infographic) The Economy Before and After the EDSA Revolution

GDP picked up after 1986 though not by much. But swings between booms and busts have eased

On February 25, the country celebrates the 31st anniversary of the EDSA People Power Revolution. The military-backed popular uprising is commonly credited for restoring electoral democracy and civil liberties, which people began to enjoy again soon after the fall of the Marcos ...

by Lorenzo Kyle Subido  | February 22, 2017 04:00:00
News and Events

Know the Filipino business leaders who helped the EDSA Revolution succeed

With the majority of the Filipinos, these business leaders helped restore democracy in the country.

Not only students, rebels, and teachers joined the EDSA People Power Revolution of 1986, which ousted then President Ferdinand Marcos; some business personalities, entrepreneurs supported the cause, too. As we commemorate the historic day, let us look back on some of them, ...

by Elyssa Christine Lopez  | February 25, 2016 11:00:00